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☆ German inflation bucks downward trend in June with higher-than-expected rise
▼ + stars: | 2023-06-29 | by ( Maria Martinez | Thomson Reuters | Maria Martinez Is A Reuters Correspondent In Berlin Covering German Economics | ) www.reuters.com time to read: +3 min

French and euro zone inflation data is due on Friday. Economists polled by Reuters expect euro zone inflation to fall to 5.6% in June from 6.1% in May. "The June figures in Germany only interrupt the downward trend in the inflation rate and do not mark its end," said Ralph Solveen, senior economist at Commerzbank. Non-harmonized consumer prices rose 6.4% in June year-on-year, following a 6.1% rise in the previous month. The year-on-year rebound in German inflation midway through the second quarter is almost exclusively due to base effects from last year's temporarily-reduced rail fare, said Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics.

Persons: Analysts, Ralph Solveen, year's, Claus Vistesen, Carsten Brzeski, Commerzbank's Solveen, Brzeski, Maria Martinez, Friederike Heine, Miranda Murray, Angus MacSwan, Conor Humphries Organizations: Union, Reuters, Commerzbank, Pantheon, European Central Bank, ING, Economists, ECB, Thomson Locations: BERLIN, Spain, Italy, Germany

[1/3] Judge Ketanji Brown Jackson listens to U.S. According to legal scholar Adam Feldman, who tracks court data, Jackson spoke more during oral arguments than any of the other current justices during their first terms. "She's just showed up from day one," said Terry Maroney, a Vanderbilt Law School professor who studies judicial decision-making and behavior. "She knows what she's doing, she's not shy, she's posing uncomfortable hypotheticals - and she's not afraid to do those things even if it's causing discomfort." Last year, rulings powered by the conservative justices ended recognition of a constitutional right to abortion and widened gun rights.

Persons: Ketanji Brown Jackson, Cory Booker, Elizabeth Frantz, Jackson, Lorie Smith, Smith, Santa Claus, Kristen Waggoner, Joe Biden, Adam Feldman, She's, Terry Maroney, she's, Stephen Breyer, Kent Greenfield, Greenfield, Sonia Sotomayor, Elena Kagan, Roman Martinez, John Roberts, Jackson's, Neil Gorsuch, Martinez, " Maroney, Andrew Chung, John Kruzel, Will Dunham Organizations: U.S . Senate, U.S, Supreme, Capitol, REUTERS, WASHINGTON, Democratic, Vanderbilt Law, Environmental Protection Agency, Boston College, Thomson Locations: Washington , U.S, Colorado, United States, California, New York, Washington

☆ Eurozone slips into recession as revised data shows two quarters of falling output
▼ + stars: | 2023-06-08 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

In the first three months of the year, economic output in the eurozone dropped 0.1% compared with the previous quarter, according to revised official data published Thursday. Across the European Union, gross domestic product ticked up 0.1% in the first quarter after falling 0.2% late last year. Commenting on the eurozone data, Andrew Kenningham, chief Europe economist at Capital Economics, said consumption by households had been “hit hard” by high prices and rising interest rates. US economy out in frontBoth the eurozone and the whole of the EU are now lagging the US economy. Earlier official estimates of the eurozone’s economic output pointed to a slight increase in the first quarter.

Persons: Andrew Kenningham, Frederik Ducrozet, Russia’s, Claus Vistesen, ” Organizations: London CNN, European Union, Capital Economics, Pictet Wealth Management, Organisation for Economic Co, Pantheon Macroeconomics, European Central Bank Locations: Europe, Ukraine, United States, downgrades, Germany, Europe’s, Ireland

☆ The Eurozone Slipped Into a Mild Recession Early in the Year
▼ + stars: | 2023-06-08 | by ( Liz Alderman | ) www.nytimes.com time to read: +3 min

Spending in the eurozone fell 0.3 percent in the first three months of this year after falling 1 percent in the previous quarter. Across Europe, countries swiftly stockpiled energy reserves, and a mild winter, together with mass conservation efforts, helped avoid the worst. The strategy has helped drive down the price of energy, and inflation in the eurozone’s biggest economies climbed down from record highs. In May, the annual rate of inflation was 6.1 percent, the eurozone’s lowest level in more than a year. The International Monetary Fund has warned that European policymakers’ main challenge this year would be to tame inflation without stoking a severe recession.

Persons: ” Claus Vistesen, “, ” Organizations: “, Pantheon, European Central Bank, Monetary Fund, ’, Analysts, ING Bank, Bank’s Locations: Germany, Spain, Italy, Portugal, Netherlands, France, Ukraine, Europe

☆ Euro zone enters recession after Germany, Ireland growth revision
▼ + stars: | 2023-06-08 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

The euro zone entered a recession in the first quarter of this year, and economists are not optimistic for the coming months. In a first reading, the agency had said the euro zone grew by 0.1% over the first three months of the year. Prior to its weak performance over January-March, the euro zone also contracted by 0.1% in the last quarter of 2022. "News that GDP contracted in the first quarter after all means that the euro zone has already fallen into a technical recession. Euro zone bond yields continued to trade largely higher Thursday following the data announcement, as several market players expect further monetary tightening.

Persons: Andrew Kenningham, Claus Vistesen Organizations: Capital Economics, Macroeconomics, European Central Bank, ECB Locations: Germany, Europe, Ireland, Netherlands, Greece

☆ German exports rise unexpectedly in April on China reopening
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

BERLIN, June 5 (Reuters) - German exports rose unexpectedly in April, boosted by deliveries to China following its post-pandemic reopening, but analysts warned that the momentum could be short-lived. German exports increased by 1.2% on the previous month, the federal statistics office said. Exports to China were up 10.1%, while exports to the U.S. were up 4.7% and exports to the European Union rose 4.5%, the office said. The foreign trade balance showed a surplus of 18.4 billion euros ($19.68 billion) in April, up from 14.9 billion euros the previous month. "The temporary push in exports to China will fade with time," ING's global head of macro at ING Carsten Brzeski told Reuters.

Persons: Alexander Krueger, Hauck Aufhaeuser, Claus Vistesen, ING Carsten Brzeski, Holger Schmieding, Klaus Wohlrabe, Rachel More, Maria Martinez, Kirsti Knolle, Gareth Jones Organizations: Reuters, European Union, Macroeconomics, ING, Thomson Locations: BERLIN, China, Hauck Aufhaeuser Lampe, U.S, Ifo

☆ Here's everything you need to know about Lidl, the German discount chain that's struggling to keep up with Aldi's rapid US growth
▼ + stars: | 2023-06-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Lidl opened 450 stores in Germany in just 15 yearsA Lidl store in Nuremberg, Germany, in 1998. Shortly after, it opened stores elsewhere in Europe, including Italy in 1992 and the UK in 1994. In 2006, the retailer launched Lidl Asia, a sourcing arm for the company which has more than 1,000 employees across Hong Kong, China, and Bangladesh. Lidl launched its online store in 2009. Lidl is part of the Schwarz Group, alongside sister company Kaufland, a hypermarket chain launched by Schwarz in the 1980s.

Persons: Lidl, Claus Felix, Josef Schwarz, Dieter Schwarz, Schwarz, Josef, Kaufland Organizations: Getty, Lidl, Bloomberg, Schwarz Locations: Germany, Nuremberg, Ludwigshafen, Mundenheim, France, Europe, Italy, Asia, Hong Kong, China, Bangladesh, Lidl Northern Ireland, Neckarsulm

☆ German economy enters recession as first-quarter GDP data is revised lower
▼ + stars: | 2023-05-25 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

The German economy entered a technical recession in the first quarter of this year, as households tightened spending. Data from the German statistics office on Thursday showed a downward revision to GDP (gross domestic product) from zero to -0.3% for the first three months of the year. The European Central Bank is expected to raise rates again at its next meeting on June 15. German Central Bank Governor Joachim Nagel said earlier this week that the ECB has "several" more rate increases ahead. He is one of the most hawkish members of the central bank.

☆ Meet the urban investor combining real estate, venture capital, and private equity to spend $5.5 billion making cities more liveable
▼ + stars: | 2023-05-05 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +5 min

Urban Partners will combine real estate, venture capital, private equity, and credit under one company. "We started thinking about what real estate investing can do beyond just a piece of investment," Claus Mathisen, CEO of Urban Partners, told Insider. "You start thinking about servicing customers – the stakeholders who actually use the real estate – and you design around them." Urban Partners is working with mayors to figure out what they need to make their cities more livable. Cobe ArchitectsInstead of focusing on financial return on investment, Urban Partners is also using environmental impact as a KPI.

☆ PlayStation, treasure hunts and natural wonders: What life is like onboard a giant oil tanker
▼ + stars: | 2023-05-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +9 min

The movies, which feature ambushes, looting and a drunken captain, are far from real life, according to shipping veteran Ralph Juhl. The crew on board an oil tanker operated by Hafnia. Where the ship goes depends on where the demand for oil is and Dixon has sailed to every continent bar Antarctica, he said. An aurora borealis light display in the southern part of Norway, one of the natural spectacles seen by oil tanker captain DSA Dixon during his seafaring life. Oil tanker crew prepare mooring ropes to secure a bunker barge to their vessel for refueling.

"The German economy remained stuck in the mud at the start of 2023, only barely avoiding recession," Pantheon Macroeconomics' chief eurozone economist Claus Vistesen said. The German economy shrank by a revised 0.5% in the fourth quarter of 2022 compared with the previous three months, reviving fears of a technical recession, defined as two consecutive quarters of contraction. "A gradual recovery is underway, despite a persistently difficult environment," German Economy Minister Robert Habeck said in the presentation of the forecasts. "The recent renaissance in industrial production could very well carry the economy through the second quarter," ING's global head of macro Carsten Brzeski said. "However, we are afraid that looking into the second half of the year, the German economy will continue its flirtation with recession."

☆ A physicist explains why there's no real end to a rainbow and the only way to spot a perfectly circular one in the sky
▼ + stars: | 2023-04-24 | by ( Partha Chowdhury | The Conversation | ) www.businessinsider.com time to read: +5 min

To see a rainbow make a perfect, full circle, you'd need to see it from a plane in the air. This happens for very small droplets, such as a fine mist, or just after a rain shower when the air is just moist. You need very small water droplets in order for a rainbow to form. If you are flying a little above the cloud cover, keep a lookout for the small shadow of your plane on the clouds. The clouds are tiny water droplets, so chances are you may see a small circle of color around the shadow of the airplane.

☆ San Francisco is forcing couple to remove sidewalk 'obstruction' — or pay $1,400. It's a little free library.
▼ + stars: | 2023-03-26 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

A popular little free library in San Francisco was ordered to be removed, the Wall Street Journal reported. The order was prompted by a call to a city hotline used for complaints about regulatory violations. The library is part of a crackdown in San Francisco on unpermitted objects that interfere with public ways, the Wall Street Journal reported. The Meyers' library is still standing, the Journal reported, as the city sorts out new rules for the small box and many like it. In the end, Susan Meyers told the Journal the original hotline complaint may have been a catalyst for the city to rethink its regulations.

☆ We were expecting a 'Santa Claus rally,' says The Satori Fund's Dan Niles
▼ + stars: | 2023-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe were expecting a 'Santa Claus rally,' says The Satori Fund's Dan NilesDan Niles, The Satori Fund founder and portfolio manager, joins 'TechCheck' to discuss his 2023 outlook on the market and break down Big Tech names.

☆ German industrial output falls more than expected in December
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

Summary Industrial production fell 3.1% on month, 0.7% decline expectedProduction in energy-intensive sectors fell 6.1%Economic slowdown in winter expected to be mild - ministryBERLIN, Feb 7 (Reuters) - German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors, the federal statistics office said on Tuesday. The drop was more severe in energy-intensive industrial sectors, where production decreased by 6.1% in December compared with November. "MISERABLE END TO 2022"For 2022 as a whole, German industrial production was 0.6% lower in calendar-adjusted terms than in 2021 and down 5.0% from the pre-pandemic year of 2019. According to Pantheon's estimates, German industrial production fell by 0.7% in the fourth quarter. While industrial production fell in December, German industrial orders rose by 3.2%, beating forecasts and posting the biggest increase in more than a year thanks to strong domestic and eurozone demand, data showed on Monday.

☆ Palfrey: The health of the market rally has really been led by speculative assets
▼ + stars: | 2023-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalfrey: The health of the market rally has really been led by speculative assetsCredit Suisse's Patrick Palfrey discusses whether the January trifecta -- the "Santa Claus Rally," "First Five Days" and "January Barometer" -- sets the markets up for strong gains for the rest of the year.

☆ Traders don't want to believe the Fed, so get used to a lot of choppiness
▼ + stars: | 2023-01-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Then Fed officials get on the tape say they're going to keep raising rates and keep them high until hell freezes over. Atlanta Fed President Raphael Bostic on Monday said the central bank should raise interest rates above 5% and stay there for "a long time." Inflation data continues to show signs of cooling, but it's still high, and the Fed doesn't want to declare victory so they keep jawboning the markets down. The source of tension is that the trading community doesn't want to believe the Fed, and many are arguing the Fed is using stale data. "Wall Street does not believe the story being spun by the Fed," Harry Katica from Saut Strategy told his clients.

☆ DeSantis considers banning 'hostile nation' China from buying Florida real estate, polishing tough-on-China foreign policy stance amid 2024 speculation
▼ + stars: | 2023-01-10 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

DeSantis is considering asking the Florida legislature to ban China from real estate investments. Ron DeSantis is poised to ask state lawmakers to ban China from buying farmland and residences in Florida, the governor confirmed Tuesday. While foreign policy generally tends to be a small part of a governor's role, such actions on China could add to DeSantis' foreign policy portfolio. Before becoming governor, DeSantis representing Florida in the US House, where he served on the Foreign Affairs Committee and chaired the Subcommittee on National Security. Santa Claus may need to not do Chinese toys."

☆ With drag drawing fire in the U.S., RuPaul's DragCon U.K. is a family affair
▼ + stars: | 2023-01-09 | by ( Ellie Rudy | ) www.nbcnews.com time to read: +5 min

After a three-year pandemic hiatus, RuPaul’s DragCon U.K. — one of the world’s largest drag conferences — returned to London this past weekend. RuPaul, center, is joined by drag queens during the ribbon cutting ceremony for RuPaul's DragCon U.K. in London on Jan. 6, 2023. Lady Camden struts the pink carpet at RuPaul’s DragCon U.K. 2023. Maxine, 5, strikes a pose with her mom, Trish, at RuPaul’s DragCon U.K. 2023 in London. Drag performer Kitty Scott Claus at RuPaul’s DragCon U.K. in London on Jan. 6, 2023.

☆ Technical analysts agree January's strong start is a good omen, but here's what they expect to happen next
▼ + stars: | 2023-01-09 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Redler expects the S & P 500 could reach 3,980 to 4,000 before reversing lower. The S & P 500 was trading at about 3,940 on Monday. He expects the S & P 500 to put in a near-term top this week. He is watching the 200-day moving average on the S & P 500, which is literally the average of the last 200 closes. "The SPX [S & P 500] has spent the majority of the last three weeks between 3,800 and 3,900," Krinsky wrote in a note.

☆ Euro zone inflation rate slides to 9.2% as energy price surge cools
▼ + stars: | 2023-01-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

Inflation in Europe has been impacted by higher energy prices and supply shortages. Inflation in the euro zone dropped for a second consecutive month in December, but analysts do not expect it to spark a change in tone from the European Central Bank. It follows November's headline inflation rate of 10.1%, which represented the first slight contraction in prices since June 2021. At the time, the central bank forecast an average inflation rate of 8.4% for 2022, 6.3% for 2023 and 3.4% for 2024. Carsten Brzeski, global head of macro at ING Germany, said these numbers "are not a relief, yet, only a reminder that euro zone inflation is still mainly an energy price phenomenon."

☆ Santa Claus Rally Remains Elusive for Stocks
▼ + stars: | 2023-01-04 | by ( Hannah Miao | ) www.wsj.com time to read: 1 min

Santa Claus might have skipped over Wall Street this holiday season. At the start of every new year, market buffs watch stocks to see if they notch what is known as a Santa Claus rally. The trend refers to the tendency for U.S. stocks to rise during the period comprising the last five trading sessions of a year and first two of the next year.

☆ A 'volatility event' will plunge the stock market to new lows in the next 6 months, Fairlead's Katie Stockton says
▼ + stars: | 2023-01-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is poised to plunge to new lows in the first half of 2023, according to Fairlead Strategies' Katie Stockton. Stockton told CNBC on Tuesday that a "volatility event" could send the VIX soaring to 50. "But we do look for some kind of major low to be established on the back of a volatility event... maybe in the next four to six months." Of course, there is a chance hat instead of plunging to new lows the stock market simply chops sideways and consolidates. I think it's less likely though because I do think that the market needs that kind of capitulation that tends to be associated with bear market lows," Stockton said.

☆ Here's everything you need to know about Lidl, the Aldi discount rival that's expanding across the US
▼ + stars: | 2022-12-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

☆ Markets close out the year down, following light week of trading
▼ + stars: | 2022-12-30 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Markets closed out the week — and the year — in the red, as the so-called Santa Claus rally failed to materialize. Under the hood, financials closed out the week in the green followed by energy, while materials led to the downside followed by consumer staples and utilities. On Thursday, initial jobless claims for the week ending Dec. 24 came in at 225,000, the U.S. Labor Department said. ET: ISM manufacturing PMI 10:00 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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